DJIA Might Plunge & ASX Might Continue Rally

DOW JONE = Bullish ( It broke ALL TIME HIGH )

NASDAQ = Bullish 

S and P 500 = Bullish ( Broke ALL TIME HIGH )

FTSE 100 (England) = Bullish 

DAX (Germany) = Bullish 
CAC 40 (France) = Bullish
HANG SENG = Bullish (Turned Bullish This Week) 
SHANG HAI = Bearish 
NIKKEI225 = Bullish
SEOUL = Bearish 
STRAITS TIMES = Bearish 
TAIWAN WEIGHTED = Bullish 
Jakarta Composite Index = Bearish
KLCI = Bullish
Newly added - ASX ( Australia All Ordinary Shares Index ) = Bullish
Newly added - BSE 30 ( Sensex - Bombay ) = Bullish


Hang Seng Composite Index turned Bullish this week making 12 markets in Bullish out of 16 markets.
Two things worth to mention this week :

1. US stock market might head for a correction just like Malaysia given the divergent between Dow Jone Industrial Average Index (DJIA) and the indicator; MACD.

2. ASX rebounded strongly and could head higher in my opinion as the MACD rebounded higher than the previous high.

Index With All Time High : (update weekly)  

1st : Jarkarta Composite Index 

2nd : Dow Jone Industrial Average Index 
3rd : S&P500 Index

Index In Bearish Mode : (update weekly)

1st : ASX ( Australia ) 
2nd : Heng Seng ( Hong Kong ) 
3rd : Straits Time Index ( Singapore ) 
4th :  FSTE 100 (England) 
5th : Shang Hai 
6th : Seoul 
7th : Jakarta 
8th : BSE 30 
9th : CAC 40 (France) 
10th : Nikkie225 
11th : Taiwan Weighted Index 

Note : I am using GPMMA (Guppy Multiple Moving Averages) for the above analysis. For more information, please check out : http://gpmma.blogspot.com/2012/11/gpmma.html